LKL International Bhd has announced a joint venture (JV) with PT Fasilitas Teknologi Nusantara (Fastech) to enter the Indonesian healthcare market, according to a filing with Bursa Malaysia. The JV, named PT LKL Indonesia Makmur, will focus on the manufacturing, selling, and distribution of medical equipment, devices, and furniture in Indonesia. LKL will hold a 51% stake, while Fastech will take up 49%.
Fastech specializes in workforce solutions in Indonesia, and LKL aims to reduce costs, improve efficiency, and meet rising demand for healthcare solutions in the country by establishing a local manufacturing presence.
Separately, LKL also signed an MOU with Andorra Healthcare Bhd to explore potential medical equipment leasing for a new hospital in Johor Bahru. The MOU will allow LKL Advance Metaltech Sdn Bhd, a subsidiary of LKL, to investigate tailored leasing solutions for the hospital, reducing upfront costs for medical equipment.
Shares of LKL remained unchanged at 11 sen, with a market capitalization of RM40 million.
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